Youth and talent will define next economic era

9:14 PM,
Jun. 22, 2012

Woman wearing virtual reality goggles, close-up digital composite

Written by

Bill Stanczykiewicz

High school graduation ceremonies this month are celebrating the Class of 2012, and Hoosier graduates can learn an important lesson from the past before they take their next step forward.

An intriguing correlation exists between today's economic trends and the economic developments of 100 years ago. According to Northwestern University's Julio Ottino and technology CEO Mark Millsand, America's economy in 1912 featured five game-changers: increased access to electricity, growing use of the telephone, the dawn of the automobile age and the inventions of stainless steel and the ...